Microsoft announced this morning that it has entered into a definitive agreement to acquire RiskIQ, a San Francisco-based cybersecurity company. Bloomberg had the scoop this weekend and mentioned a $500 million cash deal, but Microsoft’s press release didn’t confirm these details.
In the press release announcing the upcoming acquisition, Eric Doerr, VP of Cloud Security at Microsoft explained how RiskIQ’s expertise global threat intelligence and attack surface management will help customers to better apprehend online threats in their digital transformation journey. “The combination of RiskIQ’s attack surface management and threat intelligence empowers security teams to assemble, graph, and identify connections between their digital attack surface and attacker infrastructure and activities to help provide increased protection and faster response,” Doerr said.
Microsoft already has a solid collection of security solutions for addressing threats in multi-cloud and hybrid cloud environments, and the addition of RiskIQ’s expertise follows an ongoing streak of acquisitions in the cybersecurity field. Just last month, the company also announced the acquisition of ReFirm Labs, a US-based provider of IoT security solutions for an undisclosed amount.